ForexMinute Releases the Latest Bitcoin News on the Hacking Attack on BitStamp

The negativity surrounding Bitcoins got further darkened when the world’s best Bitcoin online exchange BitStamp recently faced an atrocious hacking attack.

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ForexMinute Releases the Latest Bitcoin News on the Hacking Attack on BitStamp

ForexMinute Releases the Latest Bitcoin News on the Hacking Attack on BitStamp

ForexMinute was among the first news websites to report to the world about this incident that led numerous Bitcoin users to a state of shock.

London, UK (PRWEB) February 17, 2014

The negativity surrounding Bitcoins got further darkened when the world’s best Bitcoin online exchange BitStamp recently faced an atrocious hacking attack. ForexMinute was among the first news websites to report to the world about this incident that led numerous Bitcoin users to a state of shock.

ForexMinute’s latest Bitcoin news sincerely raised a question about the doubtful security standards of even the best Bitcoin exchanges. Before BitStamp, it was the Japan-based Bitcoin exchange Mt. Gox that saw an issue related to suspension in Bitcoin withdrawals.

Incidentally both the exchanges have been targeted by a similar distribute-denial-of-services attack.

The reporter of the story Mr. Deepak Tiwari highlighted the core issue mentioning the incorrect procedures of Bitcoin exchanges to protect its transactions. While he also cleared some air about several critics calling Bitcoin’s own internal security flawed. He wrote about how DDoS attacks have nothing to do with Bitcoin’s inherent problems, but instead is more inclined towards the security loopholes of a server. In the past, similar attacks have also been faced by website giants like Yahoo and YouTube.

“However, such glitches cannot be ignored,” says the ForexMinute’s founder and Bitcoin analyst Mr. Jonathan Millet, “One simply cannot compromise with such loopholes that not only put people’s investments at stake, but also falsely defames the Bitcoins in terms of security.”

He although shows traders with alternatives for efficiently selling and buying Bitcoins and asks them to go through the best Bitcoin brokers they have listed. The list include TradeRush, Bloombex Options, and several other brokers.

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